OIL

10,863 articles

Russian anti-monopoly board says Gazprom could split
Oct 16, 2015 (UPI)
Russian natural gas company Gazprom could be divided into separate production and transportation groups, a federal anti-monopoly service said. The European comm...
Kurdish oil player buoyed by payments
Oct 15, 2015 (UPI)
British oil company Gulf Keystone Petroleum said it was reassured about operations in northern Iraq after receiving payments from the Kurdish government. The co...
Iran backs Indonesia as OPEC member
Oct 15, 2015 (UPI)
The Iranian government welcomes the eventual return of Indonesia to the Organization of Petroleum Exporting Countries, Iran's oil minister said. Indonesia in Se...
Development of giant Norwegian oil field evolving
Oct 15, 2015 (UPI)
Statoil announced more contracts were rolling out for the Johan Sverdrup oil field offshore Norway ahead of the 2019 start of production. Statoil, working on be...
Crude oil continues steady decline
Oct 15, 2015 (UPI)
Affirmations that markets still favored the supply side amid sluggish economic growth pushed crude oil prices lower in early Thursday trading. The U.S. Labor De...
Norwegian slump continues
Oct 15, 2015 (UPI)
The Norwegian government's statistics office said the total sale of all petroleum products from the country declined in September. Statistics Norway said total ...
Sanchez completes Texas shale divestment
Oct 15, 2015 (UPI)
U.S. shale company Sanchez Energy said it closed on the sale of midstream assets located in the western section of the Eagle Ford basin in southern Texas. Sanch...
Deep cuts for Spanish energy company Repsol
Oct 15, 2015 (UPI)
Spanish energy company Repsol said it would sell $7.1 billion in non-core assets through the end of the decade as part of a strategy it says offers flexibility....
China To Continue Expanding Its Influence In The Oil And Gas Sector
Oct 15, 2015 (SPX)
Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more...
US closes book on Exxon Valdez litigation
Oct 15, 2015 (AFP)
The United States said Thursday it has ended all litigation stemming from the Exxon Valdez oil spill, closing the books on a 25-year legal saga over one of the ...
Bribery, Back Room Dealing, And Bullying' In Ukraine
Oct 15, 2015 (SPX)
Kill kill kill Article withdrawn
U.S. states feeling pain of low oil prices
Oct 14, 2015 (UPI)
The low price of crude oil is starting to eat away at the revenue stream for U.S. states that depend heavily on the energy sector, Fitch Ratings said. West Texa...
Putin: Economic crisis has peaked
Oct 14, 2015 (UPI)
Economic decline has reached its peak and Russia is adapting to the new climate of low crude oil prices and sanctions pressures, President Putin said. "We have ...
Iran's economy resilient, Rouhani says
Oct 14, 2015 (UPI)
Iranian President Hassan Rouhani said international efforts and sanctions pressures meant to drive the economy back into recession backfired. With parliamentary...
Inflationary pressures drag on oil
Oct 14, 2015 (UPI)
Further evidence of cooling in the Chinese economy Wednesday put downward pressure on crude oil prices, struggling to make gains after last week's rally. Crude ...
Total back in French court over Iraq oil-for-food corruption
Oct 14, 2015 (AFP)
French energy giant Total was back in a Paris court Wednesday facing renewed efforts to prosecute it for corruption linked to the UN's "oil-for-food" programme ...
Platts: No change from OPEC expected
Oct 14, 2015 (UPI)
A survey from energy reporting group Platts finds few indications the Organization of Petroleum Exporting Countries will cut production for 2016. OPEC said in i...
North Dakota senator wants American energy focus
Oct 14, 2015 (UPI)
North American economies have a chance to buffer against overseas oil shocks by focusing their efforts on domestic trade, North Dakota Sen. John Hoeven said. No...
E.ON leaves upstream North Sea
Oct 14, 2015 (UPI)
Germany energy company E.ON sold its entire North Sea exploration division to a company controlled by Russian billionaire Mikhail Fridman. Exploration and produ...
Iran, Indonesia discuss oil markets
Oct 13, 2015 (UPI)
Indonesia expects to encourage a spirit of investment cooperation in Asia and the Middle East during a trade visit to Iran, the country's energy minister said. ...
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